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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $33,605 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,022 | $62,146+15.9% | $81,438-11.6% | $74,546-3.4% |
| Participation rate | 61.6% | 64.1%-2.4pp | 69.5%-7.9pp | 67.2%-5.6pp |
| Annual return | 15.69% | 16.49%-0.8pp | 24.74%-9.1pp | 1366.03%-1350.3pp |
| Employer contribution / active EE | $1,681 | $1,883-10.7% | $2,460-31.7% | $2,624-36.0% |
| Participant deferral / active EE | $2,827 | $3,229-12.4% | $3,883-27.2% | $4,347-35.0% |
| Admin fee / account holder | $255 | $1,922-86.8% | $5,764-95.6% | $1,944-86.9% |